Adani group shares drops for second consecutive day | ICH

National Securities Depository Limited has frozen shares worth over Rs 43,500 crore in three foreign funds. Since then, the shares of Adani Group companies have seen a big decline. So far, companies have lost more than Rs 1 lakh crore from the market cap. The account freeze means that the Adani Group can neither sell the existing securities of these funds nor buy new ones.